Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on May 29th

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, February 26th. Stockholders of record on Friday, May 15th will be given a dividend of 0.035 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 23.7%. The ex-dividend date of this dividend is Friday, May 15th.

Oxford Square Capital has decreased its dividend by an average of 0.1%annually over the last three years. Oxford Square Capital has a dividend payout ratio of 175.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Square Capital Trading Down 0.3%

OXSQ traded down $0.01 on Wednesday, hitting $1.78. 626,752 shares of the company’s stock traded hands, compared to its average volume of 1,451,629. The company’s 50 day simple moving average is $1.81 and its 200-day simple moving average is $1.83. The firm has a market cap of $166.02 million, a price-to-earnings ratio of -4.13 and a beta of 0.48. Oxford Square Capital has a one year low of $1.56 and a one year high of $2.50.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of ($23.52) million during the quarter, compared to the consensus estimate of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

Hedge Funds Weigh In On Oxford Square Capital

Several institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC raised its stake in Oxford Square Capital by 167.2% in the third quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock worth $814,000 after buying an additional 320,467 shares in the last quarter. Millennium Management LLC lifted its position in shares of Oxford Square Capital by 65.4% during the third quarter. Millennium Management LLC now owns 763,282 shares of the company’s stock valued at $1,214,000 after buying an additional 301,741 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Oxford Square Capital in the 2nd quarter valued at about $332,000. Virtu Financial LLC purchased a new position in shares of Oxford Square Capital in the 3rd quarter worth approximately $119,000. Finally, Jane Street Group LLC grew its position in shares of Oxford Square Capital by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock worth $291,000 after buying an additional 52,857 shares during the last quarter. Hedge funds and other institutional investors own 6.44% of the company’s stock.

Oxford Square Capital Company Profile

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.